Revenue to expenditure gap in India is the cause of fiscal deficit. The central government is trying to bridge the gap, but how? Fiscal deficit is expressed in terms of Gross Domestic Product (GDP), which ran 4.6% higher than the expected 3.5% planned by the central government in 2019-20. The government ended up with ₹20.1 […]
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Shiva Prasad Palancha the founder & CEO Of MAKSPay Fintech Solutions Private Limited shared his company’s journey with The Global Hues MAKSPay is a Financial Technology Service Provider (TSP) Platform to Banks, NBFCs, and MFIs. Their services include digital sourcing, onboarding, authentication, credit underwriting, disbursement, monitoring, and collections. “We envisage ourselves as a preferred Fintech […]
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By Shivanand Pandit Non-Banking Financial Corporations (NBFCs) due to their magnitude, intricacy, and interconnectedness are revolving systemically important over the years. NBFCs are the greatest net debtors of funds from the financial system and procured more than fifty percent of their funding from scheduled commercial banks. As a result, considering the topical strain in the […]
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The banking sector is crumbling due to instability and high volatility created by Covid-19 in global capital markets. As the world is combating the virus, the economy is going to hit harder downwards in the coming months leaving an adverse effect on the banking systems. After what happened in late 2007 and 2008 citizens are […]
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